Filing Flows › NewLake Capital Partners (NLCP) › Q3 2026
NewLake Capital Partners (NLCP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
NewLake Capital Partners (NLCP) reported revenue of $12.0M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -0.5% from the quarter before. Operating margin was 36.1%, net earnings $4.2M (34.7% of revenue).
NewLake Capital Partners, Q3 2026: revenue $12.0M (-4% year over year), operating margin 36.1%, net earnings $4.2M, operating cash flow $9.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.0M | -0.5% | -4% |
| Operating profit | $4.3M | -29% | -37% |
| Net earnings | $4.2M | -29% | -37% |
| Operating cash flow | $9.6M | -8% | -11% |
What changed
Revenue was $12.0M in Q3 2026, down 4% year over year and down 1% from the previous quarter.
Operating profit was $4.3M, a 36.1% margin (down 18.9 points year over year). Total costs grew 36% against a revenue fall of 4%. The fastest-growing cost line was Other operating costs (+49%). Net earnings were $4.2M, down 37% year over year. The effective tax rate was 0.0%.
Operating cash flow was $9.6M (down 11% year over year), 226% of net earnings. Non-cash charges added back $5.7M of depreciation and amortization and $324K of share-based compensation. Working capital and other items used $704K.
Questions
What was NewLake Capital Partners' revenue in the third quarter 2026?
NewLake Capital Partners (NLCP) reported revenue of $12.0M for the third quarter 2026 (Q3 2026), -4% from a year earlier and -0.5% from the quarter before.
Was NewLake Capital Partners profitable in the third quarter 2026?
Operating profit was $4.3M (36.1% of revenue) and net earnings $4.2M.